The Transaction in brief
- Kollect has entered into an agreement for a loan of
EUR 200,000 (approximatelySEK 2.24m ) from a private Irish investor. - The loan accrues at an interest rate of 6% per annum on a non-compounding basis.
- The loan becomes repayable in
June 2029 (5 years from the signing of the loan). - The lender can be repaid early at the request of either the borrower or the Investor.
- The loan will be used to further develop the Company’s strategy and for general corporate purposes.
Description of the Transaction
The Company has entered into a loan agreement with a private Irish investor –
The loan will be used to develop the Company’s strategy as well as for general corporate purposes.
Comment from the Board
We are delighted to announce this new fundraise, from a supportive Irish investor. This loan will allow us to further develop our strategy and we are pleased to have completed this raise in a quick and straightforward process.
The Board of Directors
For additional information, please contact
Phone: [+353] 85 871 9756
E-mail: jamie@kollect.ie
Kollect on Demand Holding AB’s Certified Adviser is Mangold
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